NZ dollar holds gains ahead of US employment figures

Thu, 05 Sep 2013

By Paul McBeth Sept. 5 (BusinessDesk) - The New Zealand dollar held its gain in local trading after investors got more optimistic over global growth on the strength of Chinese services data, and ahead of US employment figures. The kiwi traded at 78.98 US cents at 5pm from 79.07 cents at 8am, up from 78.08 cents yesterday. The trade-weighted index advanced to 74.68 from 74 yesterday. Risk-sensitive assets got a boost in Northern Hemisphere trading yesterday after a report showed China’s services sector grew. Investors held off changing the...

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